According to the ordinance, it amends a section of the Anti-Terrorism Act (ATA), enabling the authorities to take action against the UNSC-proscribed individuals and terror outfits such as sealing their offices and freezing their bank accounts, the Express Tribune reported.

The sources in the National Counter Terrorism Authority (NACTA) confirmed the new move, saying the ministries of Interior, Finance and Foreign Affairs, as well as NACTA's Counter Financing of Terrorism (CFT) wing were working on the matter.

A spokesperson for President Hussain refused to share further details on the ordinance, saying the defence ministry was the notifying authority.

According to sources, the authorities are bound under international obligations and have sweeping powers to take legal actions against the terrorist organisations under the framework of the Financial Action Task Force (FATF), which is an international body that cracks down on money laundering and terrorist financing.